Where is the vision gone???????????? The worlds financial system is a mess and somehow Dubai's ruler is at fault???
There is no doubt there was/is a bubble in Dubai. Had things come to a climax with the world markets in a different state the situation would be much different. It would be a good healthy correction. Everyone, everywhere is caught up in this led by the Americans and British and, like it or not, Dubai is going to have to weather it like everyone else.
The Dubai bashing is rather symbolic of the trashy media these days who love to take down anyone, anyplace that was once in the spotlight.
I find it ironic that it is the British press leading the charge since their banks were the most overleveraged of all the world banks and are leading the way to riping new aholes for their poor average citizen in the UK. They should turn their time and attention to good reporting about that issue rather than trash talking Dubai.